The market that is centered on selling second hand furniture as well as home appliances is now experiencing no growth since majority of the products for sale are already displayed and offered for a long time but still there are no takers.
Sources that are close to the second hand industry revealed that the major reason why this is currently happening can be attributed to the fact that the supply far outweighs the demand of the products.
This is proven when a quick peek using social networks as well as community websites have shown that a huge number of postings are about ads that are looking for buyers for various furniture and home appliances that are being put up for sale. According to the reliable sources, these postings are often posted by expatriates who are already planning to leave the country for good and family members or loved ones of the people who have already passed away but left with a lot of earthly possessions.
Following the question on the status of the used goods sector, it has been found out that majority of the sellers are finding it hard to find buyers for their goods during the last few months.
One resident who is working in the used goods industry, the second hand goods are in excellent condition in general but this does not encourage any buyers to take them home. The reason is that there is quite an overwhelming supply and buyers have already a lot of options laid out for them. Majority of the people that are leaving the country for good are willing to accept a small amount of cash just to have their used furniture and home appliances sold before they go. It is not surprising that many of the buyers will take the best deal offered to them. Goods that usually have a certain price range in the market are now being sold at much cheaper rates. People who put up their used goods for sale and are demanding a high price for their products are more likely to not sell their products for a long time.
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